Oireachtas Joint and Select Committees

Wednesday, 1 February 2017

Joint Oireachtas Committee on Transport, Tourism and Sport

Current Financial Situation at Bus Éireann, the Expressway Service and the Rural Transport Programme (Resumed)

1:30 pm

Photo of Shane RossShane Ross (Dublin Rathdown, Independent) | Oireachtas source

I am glad the Deputy asked that question. Insurance premiums, from memory, leapt from €1.9 million to €6.5 million in one year. Those are approximately the correct figures. They are very worrying. The Deputy has spotted something in the accounts that is obviously a concern. It is a big figure that sticks out a mile when one examines the position in detail. Part, not all, of the reason is because it is motor insurance - when buses have collisions and there are claims, they are very expensive. There has been a change of actuaries because many of the provisions being made are coming under scrutiny. Provisions being made for insurance need to come under scrutiny as a result of that. One of the questions I asked as recently as this week is how this is happening. I am going to get a report on that. It is a very fair question.

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